Ref.Soya Oil On NCDEX Settled Down -0.34% At 634.2

Ref.Soya oil on NCDEX settled down -0.34% at 634.2 as sufficient stocks in pipeline and steady demand in the physical market weighed on prices. Prices have been under pressure due to sufficient supplies in the physical market and weak physical demand, which is indicated by decline in edible oil imports last month. Government revised down the tariff value for Crude Soy Oil to 765$ /tonne against 800$ earlier. India edible oil imports jumped 14% in June on lower prices of edible complex in global market, data release from the Solvent Extractors Association (SEA) of India showed.